No matter where you are in your business’s journey, we have a checking account for you!
You may have some questions on how to and what you’ll need to open a business account, and we want to be a resource for you when it comes to all things business banking in your new business adventure! As soon as you register your business, you will most likely decide where you will keep your business income. So first, let’s open a business bank account so that all business transactions can be conducted in the account that you have named ownership to. You will also able to keep accurate bookkeeping records. Without proper bookkeeping records, tax time can become a nightmare as you are subject to missed deductions and a limited audit trail. Not to mention, if a lawsuit was to arise, mixing your business and personal finances can lead to serious implications.
What if your business isn’t registered with the state? We can still have an account for you! If you are Doing Business As, DBA, we can title the account in the business name you are using so all check transactions and automatic payments coming in will run directly through your DBA account. Even if it isn’t registered, keeping these, DBA transactions, separate from your personal banking is important.
Below we have listed business account types and the documentation you will need when you open your new business account with Welch State Bank. Remember, taking the time to open a business bank account will be of great benefit to you and we have the perfect account for your business!